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Personal Loans in Western Cape

Do you want to find out what the Western Cape personal loan market looks like?

It’s easy using the below calculator, simply input your desired loan amount and repayment duration and click “Calculate Repayment” to start browsing Western Cape lenders.

Calculate repayments

Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

RCS General Purpose Loan

RCS
12 months
to 60 months
R2,000
to R250,000
15.00%
APR
A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
Simplify your debt with one consolidation loan. Combine up to 5 loans into one single consolidation of up to R250 000 and get one lower repayment. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

African Bank Personal Loan

African Bank
7 months
to 72 months
R10,000
to R250,000
15.00%
APR
Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

BayPort Personal Loans

BayPort
6 months
to 72 months
R20,000
to R250,000
15.00%
APR
It is easy to apply for a Bayport personal loan of up to R250,000 with our simple online loan application process and personalised service. Once you have registered, all it takes is a minute, to find out if you qualify for a Bayport personal loan. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Direct Axis Consolidation Loan

DirectAxis
12 months
to 60 months
R5,000
to R250,000
15.00%
APR
Instead of having many accounts to pay each month, you’ll only have a single monthly payment. You could improve your monthly cash flow. We’ll do the legwork, your loan will be used to settle your retail or credit accounts, or existing loans. Any money remaining you can use as you please. Repayments are fixed Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Direct Axis Personal Loan

DirectAxis
12 months
to 60 months
R1,000
to R250,000
15.00%
APR
A personal loan from R1000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Fixed monthly repayments. Free monthly statement via email or SMS. Optional Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Personal Loan - Average Credit

MoneyShop
12 months
to 72 months
R10,000
to R250,000
24.75%
APR
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.
Goods from R2 000 up to R250 000 can be purchased at accredited stores. Flexible repayment terms from 6 up to 72 months to suit your pocket. No deposit required. Straightforward application process. A loan from a trusted bank for the goods you need. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Nedbank Personal Loans

Nedbank
6 months
to 72 months
R2,000
to R350,000
24.75%
APR
Loans available from R2 000 to R300 000*. Flexible repayment periods from 6 up to 72 months. Monthly repayments debited from your bank account. The best possible interest rate that we can offer you. Easy online loan application process. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Personal loans in Western Cape – South Africa

Get ready to choose the best loan option that suits your budget and needs with this short guide on personal loans in Western Cape.

What’s the best place to start searching for personal loans in Western Cape?

Get free service from CompareLoans through our personal loan comparison table above. We have showcased various lenders so you can compare loans “under one roof.” You’ll also find our long list of top South African personal loan lenders helpful as we have compiled detailed product information to help you in your search.

How do personal loans work in Western Cape?

Loan amounts typically vary between R10 000 and R300 000, while loan terms last from 12 months to 84 months. Two main types of personal loans are:

  • Unsecured personal loans. The most common personal loan type where no collateral is required.
  • Secured personal loans. Your asset, which could be a car or property, guarantees the loan and this allows the lender to claim the asset if you don’t repay.

Interest rate and fees for personal loans in Western Cape

The interest rate you get is based on your credit score. There are personal loans for average credit, good credit, and excellent credit. Your interest rate can also be fixed (stays the same) or variable (may go up or down).

When comparing loans also find out how much the lender charges for common fees like initiation and monthly service fees or early and late payment fees.

What are common uses for personal loans?

  • Debt consolidation. Use the personal loan to pay off your other loan accounts.
  • Peer to peer loans. Find a marketplace that links you directly with individual lenders – no banks involved.
  • Student loans. Pay for your tertiary education, accommodation, textbooks and other related expenses.
  • Online loans. You get to submit your personal loan application online.

Other uses for personal loans include:

Personal loan calculator

Our personal loan calculator is another free tool that shows you your estimated monthly repayments. Move the sliders to choose your desired loan amount and term, then click calculate.

Blacklisted personal loans in Western Cape

If you’re looking for bad credit personal loans, keep in mind that most South African lenders will charge a higher interest rate. Your options for getting a better deal include:

  • Applying for a secured personal loan;
  • Making a joint application;
  • Looking for short term loans or payday loans in Western Cape if you fail to qualify for a personal loan.

What you need to apply – General Requirements

  • Be at least 18 years;
  • South African ID;
  • Have a regular monthly income;
  • Payslips and bank statements; and
  • Proof of residence.

How to apply for personal loans online in Western Cape

Once you find a favourable loan option from our comparison table, click “Go to Site.” Visit the loan provider’s website and submit your completed application form as well as the required documents.

Popular personal loans searches

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